Polar Capital (LON:POLR) Reaches New 12-Month High – Time to Buy?

Polar Capital Holdings plc (LON:POLR)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 898 and last traded at GBX 895, with a volume of 470609 shares. The stock had previously closed at GBX 825.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on POLR. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 670 price objective on shares of Polar Capital in a report on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Polar Capital from GBX 1,050 to GBX 1,250 and gave the company a “buy” rating in a research report on Monday, June 1st. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of GBX 848.33.

Polar Capital Stock Performance

The company has a market capitalization of £889.38 million, a price-to-earnings ratio of 23.52, a P/E/G ratio of 0.79 and a beta of 0.93. The business’s 50-day simple moving average is GBX 792.96 and its 200-day simple moving average is GBX 670.34.

Polar Capital (LON:POLR) last issued its quarterly earnings results on Wednesday, July 1st. The company reported GBX 59.20 EPS for the quarter. Polar Capital had a net margin of 16.62% and a return on equity of 30.00%. On average, analysts forecast that Polar Capital Holdings plc will post 42.5061425 earnings per share for the current year.

Polar Capital Company Profile

Polar Capital Holdings plc is a publicly owned specialist, investment-led, active fund manager. The firm provides its services to professional and institutional investors. It launches and manages equity and balanced mutual funds. The firm also launches and manages hedge funds for its clients. Polar Capital Holdings plc was founded in 2001 and is based in London, United Kingdom.